Trends
California announces funding for journalism and AI research
California will become the first state to set aside millions of dollars to help pay for journalism and AI research.
Headline
California will become the first state to set aside millions of dollars to help pay for journalism and AI research.
Context
OUR TAKE The news industry has been rapidly disappearing as traditional media companies struggle to make a profit in the digital age.This attempt by California has gone some way to stop the loss of journalism, and as an example, other states can try various ways to aid in the growth of journalism. — Iydia Ding, BTW reporter California will become the first state in the U.S. to set aside millions of dollars from taxpayer money and tech companies to help pay for journalism and artificial intelligence research under a new agreement announced Wednesday.
Evidence
Pending intelligence enrichment.
Analysis
Under the first-of-its-kind agreement in the country, the state and tech companies will jointly pay about $250 million over five years to support California-based news organisations and create an artificial intelligence research programme. The programmes will launch in 2025 and raise $100 million in the first year, with most of the money going to news organisations, said Democratic Assemblyman Buffy Wicks, who brokered the deal. California governor Gavin Newsom said in a statement, “This agreement represents a major breakthrough in ensuring the survival of newsrooms and strengthening local journalism in California – leveraging the vast resources of the tech industry without imposing new taxes on Californians. “This deal not only provides funding to support hundreds of new journalists, but it will help rebuild a strong and vibrant California news team for years to come, reinforcing journalism’s vital role in our democracy.” Also read: WeRide’s robotaxi tests get California thumbs up Also read: California gives greenlight to WeRide’s passenger robottaxi test
Key Points
- California will become the first U.S. state to set aside millions of dollars from taxpayer money and tech companies to help pay for journalism and artificial intelligence research under a new deal announced Wednesday.
- Under the first-of-its-kind agreement in the nation, the state and the tech company will jointly pay about $250 million over five years to support the California-based news organisation.
Actions
Pending intelligence enrichment.
